PPP Loan Data — Allen Edwin Homebuilders LLC, Portage, MI
Allen Edwin Homebuilders LLC is a limited liability company (LLC) located at 2186 E. Centre Ave. in Portage, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,599,100.00 in April, 2020.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Allen Edwin Homebuilders LLC received a Paycheck Protection Loan of $2.6M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Allen Edwin Homebuilders LLC's total 2019 payroll expenses were approximately $12.48M in order to qualify for the PPP loan amount received.
Based on their reported 143 jobs retained, this equals an estimated average yearly compensation of $87,243 per employee1.
Business Information - Allen Edwin Homebuilders LLC in Portage, MI
2186 E. Centre Ave.
Portage, MI 49002
Residential Remodelers (NAICS code 236118)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-06
Similar Companies near Portage
In the Portage area, 9 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 143) and received an average PPP loan of $333,702 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
Bowker Electric, LLC
Community Homeworks Inc.
Dale Anderson & Son's Inc
Rohrstaff Renovations, LLC
Hutcherson Construction, LLC
Cook's Home Improvement, LLC
Industry PPP Comparison Statistics
Nationwide, 53,839 businesses in the "Residential Remodelers" industry received a total of $2,497,962,542.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 97% lower than Allen Edwin Homebuilders LLC's reported 143 employees, and received an average PPP loan of $46,397, 98% lower than this company's loan of $2.6M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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